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$515M in crypto moves to exchanges hint at possible selling activity, led by a $262M USDC transfer to Coinbase.

Market News
31 Oct 2026, 03:02 WIB
Tokenpost
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Neutral
$515M in crypto moves to exchanges hint at possible selling activity, led by a $262M USDC transfer to Coinbase.

In a three-hour span ending Oct. 30, $515.2 million in cryptocurrency was moved in five large transfers, with $370.8 million flowing into exchanges and $144.4 million moving out. The largest single transfer was $261.9 million USDC sent to Coinbase from an unknown wallet, signaling potential selling interest. The other four transfers involved Bitcoin moving between exchanges and unknown wallets, including significant amounts sent to Coinbase Institutional, OKX, and Bitfinex. While transfers to exchanges often suggest possible selling, the exact intentions of wallet owners remain unclear.

Bitcoin trades at Rp1.403.561.889 on Pluang as of Oct 31, 2026 07:21 WIB, showing a 1.10% decline in the past day. Despite the large $261.9 million USDC transfer to Coinbase noted in the news, Pluang's order activity for Bitcoin remains more weighted towards buying at 58%, with typical hold times around 112 days. The market cap stands at Rp28.006,46 trillion, indicating sustained investor interest amid significant whale movements.

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